Dell Technologies Inc. (NYSE:DELL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Dell Technologies Inc. (NYSE:DELL) has been given a consensus rating of “Moderate Buy” by the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $104.63.

Several equities analysts have issued reports on DELL shares. Wells Fargo & Company lifted their price target on shares of Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. TD Cowen boosted their price objective on shares of Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, March 1st. Sanford C. Bernstein boosted their price objective on shares of Dell Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, March 1st. JPMorgan Chase & Co. boosted their price objective on shares of Dell Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Finally, Morgan Stanley boosted their price objective on shares of Dell Technologies from $100.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, March 1st.

Dell Technologies Stock Performance

Dell Technologies stock opened at $115.54 on Thursday. The company has a 50 day moving average price of $109.53 and a 200-day moving average price of $86.83. Dell Technologies has a fifty-two week low of $41.47 and a fifty-two week high of $136.16. The company has a market capitalization of $82.47 billion, a PE ratio of 26.44, a P/E/G ratio of 1.45 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.47. The company had revenue of $22.32 billion during the quarter, compared to the consensus estimate of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. Dell Technologies’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.55 earnings per share. On average, analysts forecast that Dell Technologies will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Monday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s dividend payout ratio is currently 33.87%.

Insider Activity at Dell Technologies

In other news, insider Jennifer D. Saavedra sold 18,260 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total value of $2,193,026.00. Following the completion of the sale, the insider now owns 206,961 shares of the company’s stock, valued at approximately $24,856,016.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Jennifer D. Saavedra sold 18,260 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total transaction of $2,193,026.00. Following the completion of the transaction, the insider now owns 206,961 shares of the company’s stock, valued at approximately $24,856,016.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 373,375 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $126.32, for a total transaction of $47,164,730.00. Following the transaction, the director now directly owns 408,694 shares of the company’s stock, valued at approximately $51,626,226.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,382,204 shares of company stock valued at $718,452,037. Corporate insiders own 48.60% of the company’s stock.

Institutional Investors Weigh In On Dell Technologies

Several institutional investors have recently modified their holdings of DELL. Jones Financial Companies Lllp purchased a new stake in Dell Technologies in the fourth quarter valued at $25,000. Massmutual Trust Co. FSB ADV increased its stake in Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock valued at $25,000 after purchasing an additional 82 shares during the period. Anchor Investment Management LLC acquired a new position in Dell Technologies in the fourth quarter valued at $26,000. Pinnacle Bancorp Inc. increased its stake in Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after purchasing an additional 188 shares during the period. Finally, Central Bank & Trust Co. acquired a new position in Dell Technologies in the first quarter valued at $34,000. 38.10% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Company Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).